Hello. I want to treat E_Inflation as exogenous now. However, the number of endogenous variables will not be equal to the number of equations then. Could you please suggest me what other changes need be made? apica.mod (4.2 KB)

Please do not double post. See [image] No steady state and NO IRF RESULTS Steady state You should not approach this from a technical perspective, but from an economic one. What you are asking is inconsistent with rational expectations modeling. So what is it that you …

How to treat a previously endogenous factor as exogenous

General DSGE Modeling

jpfeifer 8 August 2020 10:08 3

Please do not double post. See

So what is it that you are trying to do?